Scientific and Quantitative Analysis of Blockchain in Digital Currency Applications

Abstract

As the core mechanism of distributed ledger, blockchain technology has gradually become an independent research field since the advent of the Bitcoin white paper in 2008.Its application in digital currency has attracted extensive attention from researchers due to its decentralized characteristics and potential for financial system change.Using scientometric analysis, this paper will systematically search the Web of Science (WoS) database and screen 404 relevant research papers from 1975 to 2024.This paper's data will be visualized by VOSviewer and Bibliometrix software.Research shows that the blockchain and digital currency fields can be divided into four clusters: digitalization, financial technology (fintech) integration, etc.China and the United States lead the research.China has close cooperation with India, Brazil, and other countries.The popularity of bitcoin is rising, the discussion of blockchain security is increasing, and the central bank digital currency is a hot topic.